Benzinga | Dec 6, 2021 02:37PM EST

Cowen Bumps Up Boston Beer Price Target By 25%

* Cowen analyst Vivien Azer upgraded Boston Beer Company (NYSE:SAM) to Market Perform from Underperform with a price target of $500, up from $400, implying a 1.53% upside.

* The analyst noted the share price has compressed, reflecting the negative revisions to company guidance.

* Vivien said with Nielsen trends starting to show signs of stabilization, lower expectations have been priced into the stock.

* Price Action: SAM shares are trading higher by 6.97% at $492.47 on the last check Monday.